Saturday, January 29, 2011

State Bank of Pakistan Holds Rate at 14%

The State Bank of Pakistan held its monetary policy rate unchanged at 14% even as inflation remained in the double digits. Pakistan recorded an inflation figure of 15.46% in December, while the Pakistan economy grew 2.0% in 2009, with the government forecasting economic growth of 2.5% in the year ending June 2011.


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